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The typical big winner in the Lynch portfolio generally takes three to ten years to play out.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Bigs
Portfolio
Three
Portfolios
Play
Typical
Years
Winner
Investing
Generally
Ten
Takes
Lynch

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If all the economists in the world were laid end to end, it wouldn't be a bad thing.
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If you're lucky enough to have been rewarded in life to the degree that I have, there comes a point at which you have to decide whether to become a slave to your net worth by devoting the rest of your life to increasing it or to let what you've accumulated begin to serve you.
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Everyone has the brainpower to make money in stocks. Not everyone has the stomach. If you are susceptible to selling everything in a panic, you ought to avoid stocks and mutual funds altogether.
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Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.
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Spend at least as much time researching a stock as you would choosing a refrigerator.
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Invest in what you know.
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What makes stocks valuable in the long run isn't the market. It's the profitability of the shares in the companies you own. As corporate profits increase, corporations become more valuable and sooner or later, their shares will sell for a higher price.
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Invest in businesses any idiot could run, because someday one will.
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The best stock to buy is the one you already own.
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When you start to confuse Freddie Mac, Sallie Mae and Fannie Mae with members of your family, and you remember 2,000 stock symbols but forget the children's birthdays, there's a good chance you've become too wrapped up in your work.
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Most investors would be better off in an index fund.
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If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes
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Behind every stock is a company. Find out what it's doing.
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I talk to hundreds of companies a year and spend hour after hour in heady pow-wows with CEOs, financial analysts and my colleagues in the mutual-fund business, but I stumble onto the big winners in extracurricular situations, the same way you do.
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That's not to say there's no such thing as an overvalued market, but there's no point worrying about it.
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My high-tech aversion caused me to make fun of the typical biotech enterprise: $100 million in cash from selling shares, one hundred Ph.D.'s, 99 microscopes, and zero revenues.
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You have to keep your priorities straight if you plan to do well in stocks.
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The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.
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People who want to know how stocks fared on any given day ask, Where did the Dow close? I'm more interested in how many stocks went up versus how many went down. These so-called advance/decline numbers paint a more realistic picture.
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Well, I think the secret is if you have a lot of stocks, some will do mediocre, some will do okay, and if one of two of 'em go up big time, you produce a fabulous result. And I think that's the promise to some people.
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